Canada: Engel & Völkers directs expertise at Chinese clients

Written by Engel und Völkers Southern Africa on 5/27/16

Engel & Völkers has opened a residential property shop in the Canadian city of Markham, centrally located in the Greater Toronto Area. The services offered by the team are special for the fact that they are aimed at a Chinese-speaking clientele. “Over 30 percent of the population in Markham is of Chinese origin. We are in a position to serve this client group on an equal footing as our real estate agents speak fluent Cantonese and Mandarin,” said Sophia Hu, Managing Partner of Engel & Völkers Markham.

The residential property shop is located on Woodbine Avenue in Markham’s central business district. From here, the real estate agents broker premium residential property throughout the Greater Toronto Area. Neighborhoods include the Devil’s Elbow and the Grand view Community, as well as Bonneville. Residential property in these areas can fetch sale prices of up to approx. 5.5 million euros (the equivalent of 8 million Canadian dollars). A large number of high-tech and sciences companies are located in Markham,drawing many skilled professionals from around the world. As a result, the city's population of 349,000 is made up of a variety of different cultures. Chinese native speakers form the second largest population group, after English native speakers.

Engel & Völkers has been represented in North America since 2004, and has been expanding in Canada since the beginning of 2015. The opening of the residential property shop in Markham marks the continuation of the company’s course of growth in North America. The global Engel & Völkers network, with over 700locations worldwide, gives real estate agents access to an international pool of potential buyers.